By: Robert Morris
Mad Catz is a global provider of innovative interactive entertainment products under its Mad Catz® (gaming), Tritton® (audio), and Saitek® (simulation) brands. The company also develops flight simulation software through its internal ThunderHawk Studios™, publishes games under its Mad Catz brand, and distributes games and video game products for third parties.
What's going on with the stock?
It appears investors have finally caught on to the big news announced by Amazon earlier this month. On April 2nd, the online retail giant said it will sell a traditional game-controller made by Mad Catz for its latest new gadget... Amazon Fire TV.
The new controllers will retail for $40 apiece.
In case you missed the recent fanfare surrounding the launch, Fire TV is a small box that connects to your television. It allows users to stream movies and TV shows from Amazon, Netflix, Hulu, and other content providers. And it lets users play casual, online video games.
The device is intended to compete with popular set-top boxes from Apple and Google as well as significantly more expensive video game consoles from Sony and Microsoft.
Investors are clearly excited about the future of Mad Catz.
The company is just beginning a whole new product cycle with the recent launch of the PlayStation 4 and Xbox One video game consoles. Its making rapid progress on its mobile gaming initiative thanks to its MOJO Micro-Console for Android. And it now has a new product to go along with the brand new Amazon Fire TV device.
With all the new product opportunities at Mad Catz, it's hard to disagree with management's claim the company will return to profitability next year.
Take a closer look at MCZ for your own portfolio. This is one true penny stock that has major upside potential over the next several years.